E2open Parent (NYSE:ETWO) Issues Quarterly Earnings Results

E2open Parent (NYSE:ETWO - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01, Zacks reports. E2open Parent had a negative net margin of 108.58% and a positive return on equity of 5.59%. The business had revenue of $152.30 million during the quarter, compared to the consensus estimate of $148.92 million. During the same quarter last year, the firm posted $0.04 EPS.

E2open Parent Stock Performance

Shares of E2open Parent stock traded down $0.01 during trading on Friday, hitting $3.26. 665,942 shares of the company's stock traded hands, compared to its average volume of 3,022,139. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.14 and a quick ratio of 1.14. E2open Parent has a 1 year low of $1.75 and a 1 year high of $4.82. The stock has a market capitalization of $1.12 billion, a P/E ratio of -1.52 and a beta of 1.26. The business has a 50-day simple moving average of $3.01 and a 200-day simple moving average of $2.60.

Insider Transactions at E2open Parent

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $3.21, for a total value of $98,251,137.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.63% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in shares of E2open Parent by 88.1% during the 1st quarter. AQR Capital Management LLC now owns 42,673 shares of the company's stock valued at $85,000 after purchasing an additional 19,991 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of E2open Parent by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,258 shares of the company's stock worth $245,000 after acquiring an additional 5,205 shares in the last quarter. Jane Street Group LLC bought a new position in shares of E2open Parent in the 1st quarter worth $525,000. Empowered Funds LLC raised its position in shares of E2open Parent by 5.6% in the 1st quarter. Empowered Funds LLC now owns 1,130,653 shares of the company's stock worth $2,261,000 after acquiring an additional 60,237 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of E2open Parent by 285.8% in the 1st quarter. Millennium Management LLC now owns 1,856,005 shares of the company's stock worth $3,712,000 after acquiring an additional 1,374,985 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ETWO shares. The Goldman Sachs Group lowered their target price on E2open Parent from $2.60 to $2.30 and set a "sell" rating on the stock in a research note on Friday, March 28th. Wall Street Zen upgraded E2open Parent from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Morgan Stanley boosted their price objective on E2open Parent from $2.10 to $3.30 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Finally, UBS Group reduced their target price on E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $2.78.

E2open Parent Company Profile

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.